Producer prices in Latvia decreased 2.7 percent year-on-year in August of 2020, following a 2.9 percent fall in the previous month. It was the ninth consecutive month of producer deflation. Cost dropped at a softer pace for manufacturing (-0.8 percent vs -1.4 percent in July) and water supply, sewerage, waste management and remediation activities (-0.4 percent vs -1.9 percent). Meantime, prices declined faster for electricity, gas, steam & air conditioning supply (-12.1 percent vs -9.8 percent). On a monthly basis, producer prices showed no growth, after a 0.2 percent decline in July.
Producer Prices Change in Latvia averaged 4.01 percent from 2005 until 2020, reaching an all time high of 17.70 percent in April of 2007 and a record low of -9.30 percent in August of 2009. This page provides - Latvia Producer Prices Change - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Central Statistical Bureau of Latvia
Producer Prices Change in Latvia is expected to be -2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Latvia to stand at 1.50 in 12 months time. In the long-term, the Latvia Producer Prices Change is projected to trend around 1.90 percent in 2021 and 2.40 percent in 2022, according to our econometric models.